SharpLink has expanded its Ether holdings, purchasing $264.5 million worth of Ether, which brought its total Ether stash to approximately $2 billion. The company acquired 83,562 ETH at an average price of $3,634 between July 28 and August 3, increasing its total held ETH to 521,939, valued at around $1.91 billion. All of SharpLink's ETH holdings are staked, generating cumulative rewards of 929 ETH, equivalent to over $3.3 million. SharpLink's ETH Concentration metric, indicating the ETH backing per share, has risen to 3.66, an 83% increase since their acquisition efforts began in June, when they purchased $463 million worth of ETH, making them the largest public holder before being surpassed by BitMine Immersion Technologies. Other notable holders include the Ethereum Foundation and Strategic ETH Reserve.

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